_____ Are a Qualitative Factor of a Make-Or-Buy Decision

question 110

Multiple Choice

_____ are a qualitative factor of a make-or-buy decision.

• A)Variable manufacturing costs
• B)Avoidable costs
• C)Long-term relationship with suppliers
• D)Opportunity costs

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Definitions:

Need

A requirement essential for survival or to meet the minimum standards of living.

Scarcity

At the heart of economic challenges lies the conflict between boundless human demands and the scarcity of resources.

Goods

Tangible products that are manufactured, bought, or sold, fulfilling the needs or desires of consumers.

Choices

The act of selecting between two or more possibilities or options in a decision-making process.